Litecoin has been traded sideways for a period of time, and there are some conditions that must be fulfilled before a decisive outbreak. The famous encryption analyst on X, Ali, reveals a major level that the LTC price must overcome for a chance to start a large gathering.
according to on , Litecoin needs a decisive fracture of $ 136 to confirm the upscale collapse that may lead to a large gathering.
the The current trading price for Litecoin He sits in $ 122. It has decreased by about 3.5 % over the past 24 hours. Looking at the daily time frame, Litecoin has created a clear trading range over the past two months. Low support has proven about 114 dollars reliable. The price has recovered with the recovery of the price from this area several times since the beginning of the year. This level seems to be the place where buyers are constantly interfered, preventing the negative side.
At the upper end, the mark of $ 136 appeared as a barrier that failed to overcome it. Every time Litecoin approaches this resistance, a sale pressure is intensified, which pushes the price back towards the middle of the range. This basic procedure has created a pattern of its highest higher but consistent rejection on the same ceiling.
Technical indicators reveal interesting market dynamics. A strong buying signal appeared in early January when Litecoin fell to its lowest level. However, subsequent sales signals appeared at higher price levels in late January and mid -February, indicating excessive conditions that preceded declines.
Between specialization Support and resistance levelsA simple axial point formed about $ 122 to $ 124, as it behaves as a swing level, as the price often frequent before determining its next direction. This average area often works as temporary support during the dysfunction and resistance declines while ascending.
The market momentum of Litecoin is distinguished by frequent prices, which reflects the broader uncertainty in encrypted currency markets. Distribution accumulation periods followed, creating an intermittent style that makes the direction definition a challenge to merchants.
The main level is $ 136
What makes the level of 136 dollars particularly important is that the daily closure above this price will represent a clean break from the last -term behavior. Such a move is likely to attract technician buyers and can lead to a series of merchants who were betting on the continued trading of the range.
Also read: The XRP price will enter the purchase area where the main scale scale on the chain decreases by 50 %
If Litecoin managed to closely close from $ 136, it is possible that the next targets of bulls in the area range from 140 to 150 dollars, which represent possible gains from 10 to 18 % of the current levels. On the contrary, rejection in this resistance can restore prices towards medium support at $ 122 or is likely to return to the specified floor of $ 114.
For traders and investors watching Litecoin, the message from this analysis is clear – wait for confirmation before making great moves. The wrong penetration may lead to the trap of buyers at unfavorable prices, while the loss of real breakdown may mean leaving large profits on the table.
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